No worries @Mossberg
Once again appears that Pros are buying … impatient retail selling
Retail selling from Commsec, Bell Potter, Ord Minnett, CLSA. The Retail have sold 16m units this month - that's classic distribution for you from weak to strong.
Third Party Platform Pty Ltd are #1 buyers which is Bell Financial Group Limited, whom are clearly building a position the smart way. Total Volume is 129m but net 6.4m.
Recall Deutsche were acting for the bond seller, now they are net buyers.
You also have Investment Banks, UBS, Moelis and Merrill Lynch buying. Moelis manages $120b globally and in New York are regarded as the Best Commodity House. UBS have been writing articles on the end of Coal in China, so this makes sense
Macquarie Wealth Arm are also buying.
Morgan Stanley are bearish all Commodities, so that selling is across the board for them. That will stop.
Set up dynamics look good.
Pros clearly soaking up retail selling.
Also zero short sold with high insto ownership
Source Factset Pro, at 28th November
